Accounting for Medical Practices in New York City
To stay successful and relevant in today’s environment, medical practices in New York City must continuously adapt to shifting industry trends, mounting pressures, and evolving opportunities. Remaining competitive depends on having knowledgeable experts who can guide strategic choices, increase profitability, and improve daily operations. With the right support team, practices can navigate the complexities of the NYC healthcare landscape and thrive long-term.
accounting and advisory services for MEDICal practices in New York City
Thankfully, the medical practice specialists at Presti & Naegele Accounting Offices bring deep experience to the table. We've been serving clients in the New York City area since day one, delivering customized accounting for medical practices across a range of providers — including surgical centers, solo practitioners, and specialty group practices. Our team understands the specific needs of New York City healthcare professionals and offers targeted solutions built around them.
Fortunately, Presti & Naegele Accounting Offices Medical Practice partners and professionals have just the expertise required. Since inception, P&N has provided solutions to a wide array of medical practices including surgi-centers, independent physician practices and group specialty practices.
Our experience equips us to offer sound advice that supports strategic decision-making, operating performance and profit optimization.
COMMON RECOMMENDATIONS TO MEDICAL PRACTICES in New York City
✔ Entity Structure
Helping New York City medical practices choose the best-fit business entity — like an LLC or S corporation — to secure tax benefits and legal protection.
✔ Business Expense Deductions
Ensuring that practices correctly classify and write off expenses, from staff wages and office rent to medical supplies and continuing education.
✔ Equipment Purchases
Making the most of Section 179 or bonus depreciation opportunities when investing in new equipment to reduce tax burdens.
✔ Retirement Planning
Guiding practices on how to fully leverage retirement plans like SEP IRAs or 401(k)s to cut taxable income.
✔ Health Savings Accounts
Using HSAs for tax-efficient medical expense coverage tailored to New York City practices.
✔ Cost Segregation
Helping practice owners in NYC accelerate depreciation deductions through strategic cost segregation on owned facilities.
✔ Tax Credits
Identifying and applying for relevant tax credits, such as those related to energy efficiency upgrades or workforce incentives.
SPECIALIZED ADVISORY SOLUTIONS FOR MEDICAL PRACTICES in New York City
Our tailored accounting solutions for medical practices in New York City are designed to meet the sector’s distinct operational demands. Whether it’s fine-tuning tax strategies or supporting backend processes, our experienced team empowers healthcare professionals with tools to improve performance and sustain long-term growth. Let us help your New York City medical practice operate with confidence, efficiency, and success.
Presti & Naegele Accounting and Advisory Services Include:
Ready to Elevate Your Medical Practice Finances in New York City?
Explore the difference Presti & Naegele can make in the success of your medical practice. Schedule a consultation today, and let's chart a course to financial prosperity in the realm of healthcare excellence.
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